Posted December 19, 2013
More from the U.S. Energy Information Administration’s preview of its 2014 Annual Energy Outlook, released this week. EIA’s projections depict a United States gaining more control of its energy security with increased domestic oil and natural gas production. Let’s zero in on some of the things EIA says about natural gas.
First, domestic natural gas production is skyrocketing, thanks to output from shale.
Posted November 8, 2013
When President Obama talks about creating jobs, growing the economy, expanding exports of U.S. goods and strengthening the middle class, as he did Friday in New Orleans, most Americans are with him. And so is the oil and natural gas industry. As he said in April, creating jobs and opportunity for Americans should be our “true North.”
The president used Friday’s speech to make the case that needed improvements to the nation’s infrastructure – roads, bridges, ports and more – is a path to increased prosperity.
Posted October 1, 2013
Jobs, U.S. energy security and regulation are leading the discussion at the North American Gas Forum (NAGF) this week in Washington. The NAGF is a gathering of regional natural gas industry members -- primarily focused on issues that affect the distribution and use of natural gas domestically and globally. Highlights from the two-day meeting:
- Because of vast shale reserves, the U.S. has a chance to be more secure in the future through safe, reliable supplies of North American energy.
ICF International's Kevin Petak predicted the Marcellus Shale Play will become a "juggernaut," producing more than 20 million cubic feet of natural gas per day by 2035. The U.S. Energy Information Administration's Howard Gruenspecht said U.S. natural gas production is expected to outpace domestic consumption and that the U.S. could become a net exporter by 2040.
Posted June 5, 2013
The Hill – Fueling the Future
Bill Cooper, president of the Center for Liquefied Natural Gas, talked with The Hill about the future of natural gas exports. “This is not the first time the country has argued protectionism versus exports and that kind of thing,” he said. “Historically, if we look back over it, protectionism tends to lead to economic stagnation.”
Dallas Morning News – U.S. Oil and Natural Gas Investment at 10-year High
An Ernst & Young study released Tuesday found that in 2012 the 50 largest U.S. oil and natural gas companies spent $185.6 billion on domestic exploration and new production. That represented a 20 percent increase over the previous year and the most in the past 10 years.
Posted May 30, 2013
Washington Post – Allow U.S. Natural Gas Exports
A newspaper editorial urges new Energy Secretary Ernest Moniz to act swiftly on applications to export liquefied natural gas: “We are confident that any even-handed consideration will lead Mr. Moniz to the same conclusion that so many experts have already embraced: that allowing the country to sell its bounty to the world will leave it and its trading partners better off.”
National Geographic – Monterey Shale Shakes California’s Energy Future
With the U.S. government estimating as much as 15.4 billion barrels of oil could be locked in the Monterey play, a state that has been a leader in clean energy could see a different energy future unfold, NatGeo reports. One study found that development of shale energy could add as many as 2.8 million jobs by 2020 and increase tax revenue by $4.5 billion.
Posted May 29, 2013
Texas is killing it, reports the magazine’s website A new analysis of jobs recovered since the economic downturn finds that the state’s largest city stands apart as the most powerful job engine in the country – thanks to its ties with the energy industry.
CNN Opinion – Make Sure Fracking is Done Right
In a guest post, the Council On Foreign Relations’ Michael Levi writes that “people are right to insist that [hydraulic fracturing] is done safely, but they're wrong if they conclude that it can't be.”
Posted May 24, 2013
In a letter, 24 Senate Republicans urged President Obama not to tie the Keystone XL pipeline project to “wholly unrelated and economically disastrous new regulatory policies.”
A revamped FracFocus website – expected next week – will now allow regulators to search and aggregate data. The Environmental Defense Fund’s Mark Brownstein called it “a substantial improvement.”
Posted May 21, 2013
Pittsburgh Post-Gazette – Number of Women Landing Jobs in Oil, Natural Gas Industry Growing
Good news from the U.S. Bureau of Labor Statistics: Of 3,900 positions added in the oil and natural gas industry nationwide in the first quarter of 2013, almost half or 1,800 were filled by women.
AEI Ideas Carpe Diem Blog – The Most Economically Successful Metropolitan Area in the Country
As a direct result of all the shale oil and natural gas activity in the Permian Basin area of West Texas, the economy of Midland is booming, writes Mark J. Perry. There is also an unprecedented construction surge taking place in the town – building permits in March skyrocketed to 347, which was a 580 percent increase from a year ago.
Posted April 29, 2013
Washington Times – Pa.: High Methane in Town’s Water Supply Not Caused by Fracking
After a 16-month investigation, the Pennsylvania Department of Environmental Protection says there’s no evidence connecting hydraulic fracturing with high levels of methane found in private water supplies in Franklin Forks.
Wall Street Journal – Impact Fees Benefit Pennsylvania Towns
The Journal details ways the fees from hydraulic fracturing have been used by different communities. Cumberland Township, a small farming community in southwest Pennsylvania, got $1 million or nearly half its annual operating budget, which it used to buy new police and fire equipment as well as pay for other public needs. (Subscription required for this publication)
Posted January 28, 2013
The campaign against the free trade of U.S. liquefied natural gas (LNG) generally goes down a few of tracks:
- Consumers will be hurt as “excessive” LNG exports stretch demand, making natural gas more expensive here at home.
- Blocking or restricting LNG exports will best fuel U.S. economic growth.
- The federal government needs to prevent “unrestricted” or “unlimited” LNG exports.
Fortunately, this doesn’t have to be one opinion against another. The U.S. Energy Department has a recent, comprehensive study on these issues in hand, in addition to reports and studies by other reputable organizations. The conclusions, based on scholarly research, should guide the federal decision on licensing the construction of LNG export facilities – more than a dozen of which are awaiting approval.